Kairous Acquisition (NASDAQ:KACL) Shares Down 1.7% – Time to Sell?

Shares of Kairous Acquisition Corp. Limited (NASDAQ:KACL) traded down 1.7% on Friday . The company traded as low as $12.33 and last traded at $12.33. 1,547 shares were traded during mid-day trading, a decline of 58% from the average session volume of 3,691 shares. The stock had previously closed at $12.54.

Kairous Acquisition Price Performance

The company’s 50-day moving average is $12.38 and its two-hundred day moving average is $12.22.

Hedge Funds Weigh In On Kairous Acquisition

An institutional investor recently raised its position in Kairous Acquisition stock. Berkley W R Corp raised its holdings in shares of Kairous Acquisition Corp. Limited (NASDAQ:KACL) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,266 shares of the company’s stock after acquiring an additional 4,552 shares during the period. Berkley W R Corp owned approximately 4.16% of Kairous Acquisition worth $1,862,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Kairous Acquisition Company Profile

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.